Federated Equity Correlations

Mutual Funds . USA . 
Fund . Federated Equity Income
FDERX Fund  USD 22.07  0.02  0.09%   
The current 90-days correlation between Federated Equity Income and Federated Floating Rate is -0.01 (i.e., Good diversification). The correlation of Federated Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Equity Correlation With Market

Very poor diversification

The correlation between Federated Equity Income and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated Equity Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated Equity Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Federated Mutual Fund

  0.88EMDIX Federated Emerging MarketPairCorr
  0.75QKACX Federated Mdt AllPairCorr
  0.76QKBGX Federated Mdt BalancedPairCorr
  0.88SBFIX Federated Global AllPairCorr
  0.89FRIEX Federated Hermes EmergingPairCorr
  0.84STFSX Federated StrategicPairCorr
  0.83STIAX Federated StrategicPairCorr
  0.83STILX Federated StrategicPairCorr
  0.83STISX Federated StrategicPairCorr
  0.88FSBCX Federated Global AllPairCorr
  0.88FSBKX Federated Global AllPairCorr
  0.94FSBLX Federated Global AllPairCorr
  0.72QLSGX Federated Mdt SmallPairCorr
  0.81QLSCX Federated Mdt SmallPairCorr
  0.87FSHIX Federated Short-intermediaPairCorr
  0.77INISX Federated IntermediatePairCorr
  0.85FSHSX Federated Short IntePairCorr
  0.88FSILX Federated Short TermPairCorr
  0.82FSTIX Federated Short TermPairCorr
  0.87FSTKX Federated Mdt LargePairCorr
  0.87FSTLX Federated Mdt LargePairCorr
  0.87FSTRX Federated Mdt LargePairCorr
  0.87FSTYX Federated Short TermPairCorr
  0.88FSTBX Federated Global AllPairCorr
  0.89PIEFX Pnc Emerging MarketsPairCorr
  0.81SVALX Federated Strategic ValuePairCorr
  0.85FTIAX Federated Short TermPairCorr
  0.63FTGLX Federated Total ReturnPairCorr
  0.61FTGSX Federated Total ReturnPairCorr
  0.81SVAAX Federated Strategic ValuePairCorr
  0.75SVAIX Federated Strategic ValuePairCorr
  0.81SVACX Federated Strategic ValuePairCorr
  0.71FTRBX Federated Total ReturnPairCorr

Moving against Federated Mutual Fund

  0.88PIGDX Pnc International GrowthPairCorr
  0.94PIUIX Pnc International EquityPairCorr
  0.91PIUCX Pnc International EquityPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Equity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMDIX  0.15  0.06 (0.06) 0.65  0.00 
(0.21)
 0.44 
(0.23)
 0.78 
QKACX  0.64  0.08  0.08  0.19  0.61 
(0.71)
 1.24 
(1.45)
 6.19 
QKBGX  0.51  0.12  0.20  0.23  0.00 
(0.66)
 0.89 
(0.80)
 9.47 
SBFIX  0.38  0.07  0.05  0.21  0.21 
(0.46)
 0.78 
(0.83)
 2.50 
FRIEX  0.82  0.25  0.22  0.41  0.58 
(0.98)
 2.00 
(1.09)
 5.24 
STFSX  0.11  0.03 (0.22) 0.58  0.00 
(0.17)
 0.24 
(0.24)
 0.72 
STIAX  0.10  0.03 (0.30) 0.53  0.00 
(0.17)
 0.24 
(0.12)
 0.48 
STILX  0.10  0.03 (0.25) 0.51  0.00 
(0.16)
 0.24 
(0.12)
 0.60 
STISX  0.11  0.03 (0.27) 0.65  0.00 
(0.17)
 0.24 
(0.12)
 0.60 
FRSAX  0.06 (0.01)(0.46)(0.33) 0.07 
(0.27)
 0.12 
(0.24)
 1.06 

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